Icon Energy Corp. (ICON) has released an update.
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Icon Energy Corp. reported a 10% increase in revenue to $3.6 million for the first nine months of 2024, despite a slight decrease in operating profit and net income compared to the previous year. The company also announced the delivery of a new vessel, M/V Bravo, and declared a cash dividend of $0.085 per share, highlighting its commitment to shareholder value amidst strategic growth initiatives. A new $91.5 million term loan facility further positions Icon for future expansion in the shipping industry.
For further insights into ICON stock, check out TipRanks’ Stock Analysis page.
